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ANGOLA

Saurimo diamond hub, the showpiece of Lourenço's reforms

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“Lourenço's Herculean struggles to reform the diamonds sector”

ANGOLA

Lourenço's Herculean struggles to reform the diamonds sector

Angolan president João Lourenço has made reform of diamond mining one of the key objectives of his mandate, as he tries to end the decades-long hold of the dos Santos clan over the sector. He is betting on the deregulation of diamond sales and the development of diamond-related activities in Angola itself to attract investors and increase state revenues. So far, his efforts have produced little in the way of results. [...]

Angola's President João Lourenço. © JoseSenaGoulao/EPA/Newscom/MaxPPP

Saurimo's new diamond hub, built at top speed, and presented as a key feature of João Lourenço's mining reform programme, comes at a timely moment in the president's electoral calendar, allowing him to score points on several fronts. [...] (644 words)

Issue dated 01/09/2021 Reading time 3 minutes

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ANGOLA
Ana Dias Lourenço
Arslanian Group
Daniel Félix Neto
Diamantino Azevedo
Dos Santos
Endiama
Ernesto Kiteculo
Eugenio Pereira Bravo da Rosa
Jânio da Rosa Corrêa Victor
João Lourenço
José Eduardo dos Santos
José Manuel Augusto Ganga Junior
Julius Klein Group
Kapu Gems
KGK Group
Kothari
Sodiam
Stardiam
Vishal Sanjay Shah

Lourenço's last try for Saurimo diamond hub success

During the Dubai Diamond Conference, the Angolan government will showcase its new Saurimo diamond hub, which has been slow in finding investors. [...]

Angolan President João Lourenço. © João Lourenço/Twitter

ANGOLA 06/12/2021

Luanda prospects for diamond financing

Buoyed by the opening of Alrosa's second kimberlite mine and Rio Tinto's arrival in the country's diamond sector, the Angolan authorities promoted themselves to international investors at a diamond industry conference in Saurimo. [...]

Angola's Minister of Mines and Petroleum Diamantino Azevedo speaking at the Angola International Diamond Conference on 25 November 2021. © Angola International Diamond Conference/Facebook

ANGOLA 26/11/2021

Sodiam inches toward opening its diamond training centre

The new diamond cutting and polishing training centre at the Saurimo diamond hub should soon be opening its doors and replacing the modest temporary facilities that have been housing some fifty students since the summer. [...]

ANGOLA 16/11/2021

Up for reelection, Lourenço makes diamond industry successes shine

The Angola International Diamond Conference will soon take place in the diamond hub of Saurimo to highlight the progress made in the industry since João Lourenço became president. [...]

ANGOLA 11/11/2021

Ex-deputy governor and construction moguls launch new diamond venture with Sociedade Mineira Kasoloka

The former deputy governor of the diamond province of Lunda Sul, Domingos Kajama, has set up a new mining company with the Matias family and a senior civil servant. [...]

LESOTHO 09/09/2021

Maseru takes a hard line with diamond producers

Following the recent inauguration of the first diamond mine owned by a Mosotho, the government is looking for an independent diamond valuer to reduce reliance on selling prices decided by the mining companies. It is also considering raising the bar regarding the minimum local shareholding in foreign mining ventures. [...]

ANGOLA 18/03/2021

Uber-rich Kothari clan hitches its wagon to Lourenço's diamond sector reforms

The wealthy Indian Kothari family, which owns the KGK Group gemstone and jewellery company, is backing João Lourenço's shake-up of the diamond sector. By helping the president with his plan to make Angola more than a mere producer of stones, the Kotharis are counting on better access to the country's output. [...]

Vice-chairman of KGK Group Sanjay Kothari. © KGK Group

ANGOLA 18/11/2020

Buyers still sought by Luanda for Saurimo hub's diamond cutting facilities

The Saurimo diamond hub, a pillar of President Lourenço's diamond sector reforms, is still on the lookout for international investors to occupy its diamond cutting workshops, currently under construction. [...]

Spotlight

ANGOLA 19/02/2019

Stock-take of Joao Lourenco's reform of the diamond sector?

After 18-months in power, what has Angolan president Joao Lourenco managed to achieve of his great reform to overhaul the country's diamond industry (AMI 409), no longer controlled by those close to former president Jose Eduardo dos Santos and his [. [...]

Receive free prompts for these topics

ANGOLA
Ana Dias Lourenço
Arslanian Group
Daniel Félix Neto
Diamantino Azevedo
Dos Santos
Endiama
Ernesto Kiteculo
Eugenio Pereira Bravo da Rosa
Jânio da Rosa Corrêa Victor
João Lourenço
José Eduardo dos Santos
José Manuel Augusto Ganga Junior
Julius Klein Group
Kapu Gems
KGK Group
Kothari
Sodiam
Stardiam
Vishal Sanjay Shah

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Saurimo diamond hub, the showpiece of Lourenço's reforms